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BNP Paribas Asset Management has launched natively tokenized Money Market fund shares in collaboration with Allfunds Blockchain, enhancing cross-border transactions through Distributed Ledger Technology. This initiative aims to improve operational efficiency, enabling real-time order execution and broader access to retail investors. The project reflects BNPP AM's commitment to innovation and digital transformation in asset management.
UBS shares fell 1.5% to CHF 26.19, following a weak start and a drop to CHF 25.49, underperforming the Swiss market index SMI. Despite this, UBS remains active in analysis, maintaining a "sell" rating for Puma and a "Neutral" rating for Inditex, citing currency and customs risks. With over 3.6 million shares traded, attention turns to the upcoming quarterly results on July 30, raising questions about potential buying opportunities or a trend reversal.
UBS has raised its price target for Bilfinger from €70 to €86, indicating a 23% upside potential due to strong cash generation, stable demand in key sectors, and solid quarterly results. Despite a 67% year-to-date gain and a current price of €77.55, UBS believes the stock is not fully valued, setting high expectations for future performance. The upcoming quarterly figures will be crucial in determining if Bilfinger can meet these forecasts.
The UBS (Lux) Equity - European Income Opportunity P Fund, launched on August 9, 2022, by UBS Asset Management, focuses on high market capitalization equities in Europe. With a fund volume of EUR 624.80 million, it reported a performance of 6.35% and a volatility of 11.03%. The fund is accumulating and has a total expense ratio of 5.00%.
Barclays has lowered its price target for Salvatore Ferragamo (SFRGY) from EUR 5.70 to EUR 5.40, maintaining an Underweight rating on the shares. This adjustment reflects the bank's assessment of the company's market position and financial performance, indicating expectations of lower-than-average returns compared to peers.
UBS has maintained a "Neutral" rating on Apple, setting a price target of $210, amid concerns over potential US import tariffs on foreign-made iPhones. Analyst David Vogt noted that while the proposed 25% tariff would have a minor impact on earnings, it introduces market uncertainty that could pressure margins and valuations.
Bitcoin has fallen below $108,000 after reaching a high of $112,000, as profit-taking occurs amid renewed trade tensions. President Trump has threatened the EU with a 50% tariff on imports starting June 1, 2025, complicating negotiations and impacting market sentiment. Meanwhile, discussions on Trump's tax and spending program continue to shape investor expectations.
The CIO anticipates renewed weakness in the US dollar as the economy slows and fiscal deficits come into focus. Despite a recent rebound, the dollar is expected to decline further, prompting recommendations for investors to reduce USD exposure and diversify into currencies like the yen, euro, and British pound. The unsustainable twin deficits and potential changes in Fed leadership may exacerbate this trend.
The Credit Suisse bailout continues to spark legal disputes, with the Ministry of Finance appealing a court ruling on executive bonuses while a couple's compensation claim for losses from the bank's shares was rejected. The Federal Court deemed the government's bonus cuts unlawful, igniting further controversy amid ongoing litigation from shareholders and investors regarding the bank's financial instruments.
The aftermath of Credit Suisse's bailout continues to spark legal disputes, particularly over bonuses and shareholder compensation. The Swiss Federal Court recently ruled against a couple seeking compensation for losses incurred from buying shares before the bank's rescue, while the Ministry of Finance plans to appeal a ruling deemed "unlawful" regarding the reduction of bonuses for bank executives. Legal actions are proliferating, with over 3,000 former shareholders challenging the buyback price and institutional investors contesting the value of AT1 bonds.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
BNP Paribas Launches Tokenized Money Market Fund Shares on Allfunds Blockchain
Euro
Allfunds Blockchain SL
BNP Paribas Asset Management Europe, Belgian Branch
BNP Paribas Securities Services
LUX
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18:09 23.05.2025
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